Complete List of Black NBA Owners in 2023

‣ Michael Jordan completed the sale of his majority stake in the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, leaving no black majority owners in the NBA.
‣ Despite no longer being a majority owner, Jordan, along with other former and current athletes like Dwyane Wade, David Robinson, Grant Hill, and Myles Garrett, hold minority stakes in NBA teams.
‣ Other notable black minority owners in the NBA include artists J. Cole and Usher, actors Will Smith and Jada Pinkett Smith, and BET network co-founder Sheila Johnson.


So, here’s the thing. In August, Michael Jordan – yes, THE Michael Jordan – sold his majority stake in the Charlotte Hornets. The buyers? A group led by Gabe Plotkin and Rick Schnall. Now, this ain’t just a business transaction. It’s a bit more than that.

You see, with MJ stepping down, there ain’t a single black majority owner left in the NBA. Kinda sad, huh? The only two majority owners of color we’ve got left now are Joe Tsai (Brooklyn Nets) and Vivek Ranadive (Sacramento Kings).

But, don’t get it twisted. Even though we don’t have any more black majority owners, there are still a few black minority owners around.

Let’s talk about former athletes turned owners. Jordan, despite no longer being a majority owner, still has a minority stake in the Hornets. And he ain’t the only ex-player with a piece of the pie. Dwyane Wade (Utah Jazz), David Robinson (San Antonio Spurs), and Grant Hill (Atlanta Hawks) all have minority stakes in NBA teams.

And get this – there’s even a current black athlete who owns a piece of an NBA team. Not a basketball player though. It’s Myles Garrett, the Cleveland Browns’ two-time All-Pro edge rusher. He’s a minority owner of the Cleveland Cavaliers. Pretty cool, right?

Now, let’s talk about some other famous black minority owners. You might not believe this, but J. Cole – yeah, the rapper – is one of the folks in the group that bought the Hornets from Jordan. So, he’s a minority owner now.

And it doesn’t stop there. Usher, the singer, is also a minority owner. He’s got a stake in the Cavaliers, just like Garrett. And then there’s Will Smith, the Fresh Prince himself. He’s a minority owner of the Philadelphia 76ers. His wife, Jada Pinkett Smith – you know, the one he’s got that… interesting relationship with – she’s also a minority owner of the 76ers.

And let’s not forget about the other black minority owners. We’ve got Damian Willis (Hornets), Valerie Daniels-Carter (Milwaukee Bucks), and Sheila Johnson (Washington Wizards). Johnson, by the way, is the co-founder of the BET network. So, there you have it. The NBA might not have any black majority owners right now, but it’s still got a pretty diverse group of minority owners.

James Shotwell
James Shotwell
James, a dedicated writer for BasketballHour, holds a degree in English and Creative Writing. A genuine sports enthusiast and skilled betting advice provider, he writes engaging articles and valuable winning strategies for sports.

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